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Fastest boat: The current holder and contenders for the world water-speed record

Attempting the world water-speed record takes years of preparation, massive amounts of horsepower, a huge budget, some astonishing engineering, the aerodynamics of a fighter jet and cojones the size of Milford Haven. Despite all this there are currently four active contenders for the title of the world’s fastest boat...

What is the world’s fastest boat?

The current title of world’s fastest boat belongs to Spirit of Australia , which recorded a two-way average top speed of 317.6mph (551.1 km/h) on Blowering Dam, NSW in 1978.

Piloted by the late great Ken Warby, this homebuilt wooden speed machine was the first boat to break the 300mph and 500km/h barriers.

Warby, who passed away in early 2023, was the first Australian to hold a world speed record and the first person to design, build and pilot a water speed record boat.

Who is trying to break the fastest boat record?

Quicksilver.

Nigel Macknight is both the driving force and the driver of Quicksilver , Britain’s long-standing-challenger for the title of world’s fastest boat.

But despite having worked on the project for the best part of 30 years and surrounding himself with experts from previous land and water-speed record attempts, the team is still some way off staging an attempt on the record itself.

Working with Ken Norris (chief designer of Donald Campbell’s Bluebird K7 , which set the water-speed record in 1964) construction of the craft’s steel spaceframe chassis was completed in 2002 and the team installed and fired up a 25,000hp Rolls-Royce Spey jet engine.

Article continues below…

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How donald campbell broke both land and waterspeed records in the same year.

However, neither the bodywork nor the complex control systems were finalised and the first iteration of the design was shelved following wind tunnel testing that suggested major stability issues.

Since then the team has gone through two further designs before landing on the current twin-cockpit version (pictured above). Concept 4, as it is currently known, sees the engine mounted towards the front of the central hull.

The 25,000hp Rolls-Royce Spey jet engine has since been replaced by a 10,000hp Mk 101 version from a Hawker Siddeley Buccaneer bomber.

This will be mounted into an all-new hull that is being built from kevlar and Baltek, a highly-engineered balsawood material produced by 3A Composites SA of Switzerland.

Once complete, this will be coated in a thin layer of fibreglass before being mounted to the pre-existing steel spaceframe.

Ken Norris is no longer chief designer, but his ideas are being taken forward by Ron Ayers, Lorne Campbell, Mike Green and Roland Snell.

The Quicksilver team say that they will reuse almost all of the hardware acquired for previous iterations of the design, thus speeding up the construction process, but no launch date has yet been set.

Find out more on the official Quicksilver water-speed record website .

Spirit of Australia II

Of the four teams currently challenging for the title of world’s fastest boat, team Warby is the only one to have a working boat.

Spirit of Australia II is an updated version of the hydroplane design Ken used to set the original record in 1978, with better aerodynamics and a 9,000hp Westinghouse J-34 jet engine.

It hit the water in December 2004 and in 2007 Ken handed over the reins to his son David, who hit 314kmh (218mph) on a testing run on Blowering Lake in 2018. However, floating debris caused damage to one of the fins and in the subsequent years, the tailplane has also been replaced as well as the engines, which are now Bristol Siddeley Orpheus units.

“The old boat was never flat out even when I broke the record last time, so the new one will go a whole lot faster,” Warby Sr claims. “The driving is the easy bit. You just sit in it and put your foot down. The trouble is that you’ve only got a 50/50 chance of still being alive at the other end.”

Spirit of Australia II’s most recent test run in November 2022 was hampered by crosswinds. Further speed runs were due to take place in February 2023, before the news of Ken’s passing. It’s not yet clear how this will affect the project, but further delays seem likely.

Find out more on the official Warby Motorsport website .

Photo: facebook.com/jethydroplaneuk

Another British challenger, Jet Hydroplane UK is headed up by David Aldred, who supplied the Orpheus engines for K777 , an experimental Bluebird K7 replica that was launched in 2011 and was retired in 2014.

His new project, Longbow is powered by twin Rolls Royce Viper turbojet engines and will be piloted by David-John Gibbs, a Formula 4 powerboat racer and flight examiner at RAF Cranwell.

Far from being threatened by this challenge, David Warby offered his technical support to the Longbow project.

In the latest update on the Jet Hydroplane UK website, Aldred revealed that the jet engine cradle is currently being fitted.

Find out more on the official Jet Hydroplane UK website .

Construction of Dartagnan SP600 was completed in October 2016 Photo: Facebook.com/DartagnanSp600

Dartagnan SP600

As if this wasn’t enough, there is a fourth project vying to become the world’s fastest boat. Dartagnan SP600 was built by Belgian offshore racer Daniel Dehaemers, who passed away in June 2018.

The project is reportedly due to be revived by his former teammates, so watch this space…

Find out more on Dartagnan SP600’s official Facebook page .

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7 Fastest Speedboats of 2023

By Emily Duane

If you crave the adrenaline rush of high cruising speeds on the open water, a speedboat is the marine craft for you. According to a variety of boating authorities, the average top speed of a powerboat is 70 miles per hour (mph), with high-performance competition boats well into the 100s. The Guinness World Record holder for the fastest boat in the world is the jet-powered hydroplane Spirit of Australia, which reached an eye-watering speed of approximately 317 mph.

The speed-boat market offers multiple categories of boats designed to go fast, including V-bottom, catamaran and center-console body styles . They’re equipped with two to four motors—inboard or outboard—to provide all that power that pushes the limits on the water.

To find the best new powerboat for you, do some research and compare the specs and features of different brands and models, understanding that different engine packages and other add-ons affect the price. To start you off, here’s a list of the fastest speed boats on the market for 2023.

1. Nor-Tech 390 Sport

The 390 Sport from Nor-Tech easily lets you flirt with 80-mph speeds. This center-console boat offers stability on the water and is comfortable for everything from speedy rides to fishing and diving. The 390 Sport comes with triple or quad Mercury motors. Enthusiasts have topped 100 mph powered by quad Mercury Racing Verado 400R outboards on jack plates.

Style: Center console

Price: Starting at $700,000

Length: 39 feet

Beam: 10 feet

Weight: 12,500 pounds

Top speed: ~80 mph

Nor-Tech 390 Sport Full Specs

2. Baja Marine 36 Outlaw

To achieve high speeds without fully liquefying your insides, Baja Marine’s 36 Outlaw is an excellent option. Whether you’re taking your chances at a poker run , cruising to sand bars or treating friends to wild tubing rides, the Outlaw is here for it. Enthusiasts have hit top speeds of around 84 mph with Mercury Racing 565 engines.

Style: V-bottom

Price: Starting at $307,000

Length: 37 feet, 1 inch

Beam: 8 feet, 6 inches

Weight: 9,300 pounds

Top speed: ~84 mph

Baja Marine 36 Outlaw Full Specs

3. Mystic C4000

The dual-hull Mystic C4000 balances comfort and speed, offering a day of adventure on the water that can effortlessly go from leisurely to thrilling in seconds. Enthusiasts claim this boat is something straight out of a James Bond movie. Easy to drive and powered by just two outboard engines, the C4000 can top 100 mph, making it a shoo-in for offshore racing.

Style: Catamaran

Price: Starting at $785,000

Length: 43 feet, 10 inches

Beam: 10 feet, 11 inches

Weight: 6,800 pounds

Top speed: ~120 mph

Mystic Powerboats C4000 Full Specs

4. Donzi Marine 38 ZRC

Fast, fun and attractive, the Donzi Marine 38 ZRC experienced a revival in 2020 with its unique fighter jet windscreens and a V-bottom hull designed for speed. Buyers can choose between Mercury Racing 565 HP Bravos or staggered 860s with #6 drives to power this model. Enthusiasts have reported exceeding 120 mph in this powerboat.

Price: Starting at $560,000

Length: 38 feet, 1 inch

Beam: 8 feet, 1 inch

Weight: 11,500 pounds

Donzi Marine 38 ZRC Full Specs

5. Outerlimits SV-50

If you’re looking for the marine equivalent of a race car, the Outerlimits SV-50 is the ticket. This sleek and luxurious powerboat has room for up to five passengers and is designed for speedy thrills on the open water. Powered with Mercury Racing 1350/1100 engines, the SV-50 hit a top speed of 145 mph during a test ride in early 2023 on a mid-30-degree day in Rhode Island’s Narragansett Bay.

Price: Starting at $1.5 million

Length: 50 feet, 1 inch

Beam: 9 feet

Weight: 10,900 pounds

Top speed: ~145 mph

Outerlimits SV-50 Full Specs

6. Fountain Powerboats 42 Lightning

If you’re looking for a powerboat that offers a smooth yet forceful push to top speeds and a comfortable and stable ride once you’re there, you’ll get it in Fountain’s 42 Lightning. It goes from 0 to 30 mph in 9.5 seconds, and the only limit to top speeds is your nerve—this boat can hit 160 mph with 1,350/1,550 packages.

Price: Starting at $685,000

Length: 42 feet

Beam: 8 feet, 4 inches

Weight: 13,400 pounds

Top speed: 160+ mph

Fountain Powerboats 42 Lightning Full Specs

7. Eliminator 28 Speedster

With a name that includes the words “eliminator” and “speedster,” it should be no surprise that this catamaran zips to the top of this list with max speeds of 170 mph. Available with inboard and outboard options and a variety of deck and bow configurations, the Eliminator 28 Speedster can be customized for however you want to spend your time on the water.

Price: Starting at $300,000

Length: 28 feet, 10 inches

Weight: 4,000 pounds

Top speed: ~170 mph

Eliminator 28 Speedster Full Specs

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At mystic powerboats we are the proud creators of the finest and fastest offshore boats in the world. our powerboats balance speed and luxury and are fully customizable for your desires., overall length, dry weight 12,000 lbs, fuel capacity 293 gal, top speed (depending on power) 70-90 mph, fresh water capacity 36 gal, holding tank capacity 16 gal, bridge clearance (top of radar).

Our buyers told us time and again that they liked the look and styling of the M4200 but simply didn’t need a boat that big.

The M3800 is perfectly sized for those who want to be fast and fashionable at a lower price point.

Mystics are built on performance and combine their racing heritage with the reliability and power of Mercury engines.

This continues our legacy of high-end quality and luxury that our customers have come to expect.

Details Define Your Luxury.

We have built our company throughout the years on a foundation of speed, technology, and luxury. It is with this dedication that every day we pursue building our heritage one boat at a time.

John cosker, president & founder, mystic powerboats, the mystic story.

“We have built our company throughout the years on a foundation of speed, technology, and luxury. It is with this dedication that every day we pursue building our heritage one boat at a time.”

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12 Fastest Speed Boats in The World in 2023

Fastest speed boat in the world – Spirit of Australia set the Guinness World Record for achieving a maximum speed on the water of 317.59 MPH. The boat is equipped with a 3000 hp Westinghouse J34 turbojet engine. But there are other incredibly fast boats – learn more about them in this article.

Since the appearance of the first boats equipped with an engine, the question has arisen – how fast can boats be? As a consequence, many people have expressed a desire to compete with their boats to find out which are the fastest. Since then, speed records on the water have skyrocketed.

In this article, we will not focus on the history of the development of speed boats and how speed records were set. Trust me, you could write a whole book about it. We will tell you about the fastest speed boats in the world in 2023, what characteristics they have and what top speeds have been achieved.

Secret of Fastest Boats

Modern speed boats have long crossed the speed limit of 200 MPH. How is it possible to achieve such incredible speeds on the water? The fact is that the density of water is higher than the density of air and the friction force that occurs between the hull of the boat and the water is a serious problem that engineers around the world are trying to solve.

For comparison, the fastest trains in the world achieve incredible speeds thanks to the magnetic cushion. Due to the absence of friction between wheels and rails. But the boat cannot be torn off the water, otherwise it will no longer be a boat but an airplane. The maximum that you can go for is special boats – hydroplanes.

For boats, the solution to achieving super speeds is easier than it sounds. These are jet and turbojet engines mounted on a strong hull that cuts through the water like a razor. The two fastest boats in the world, the Spirit of Australia and the Bluebird K7, have exactly this design. So it’s no surprise that the Guinness World Record for the fastest boat in the world is held by the jet-powered hydroplane Spirit of Australia which reached an estimated speed of 317.59 MPH.

Features of World’s Fastest Boats in 2023

12. Outerlimits SV-52, max speed – 100 mph

Outerlimits power boats are offering a wide range of speed power boats. Their faster boat category includes the SV-50, SV-52, SL-44, SL-52 and even catamarans like the 43CAT and 48CAT. The SV-52 is one of their fastest speed boats. It has been designed especially for superior high-speed performances and is known for its steady ride and soft landing even in rough and choppy waters.

The cockpit boasts of dual helm controls, a standard GPS chart plotter. They even offer both open as well as swim platform models. Most models also have a half cabin for easy storage of extra equipment or much-needed protection from the sun and the sea. At 52 feet, this long beauty is known to easily record 100 MPH plus speeds in even adverse conditions. It has a fuel capacity of 250 gallons and can easily accommodate up to four people in it.

11. South Bay 925CR, max speed – 114 mph

The South Bay 925 CR is unbelievable the worlds’ fastest pontoon. If a pontoon can travel at speeds of more than 110 MPH, its only the South Bay 925 CR. In fact, when Brad Rowland’s South Bay 925 CR recorded a speed of 114 MPH, it was a new world record! It is fitted with superior Garmin GPS navigation. With a length of 27 feet and a beam of 8 feet, it is perfect for someone who doesn’t want a very large speed boat.

The standard equipment found on the South Bay 925CR are Manual Sport Arch, 4-speaker Bluetooth stereo, interior, and exterior LED light. If you are in the mood to create a perfect party ambiance you can even choose to opt for underwater LED lights.

10. Fountain 47 Lightning, max speed – 115 mph

As the name suggests the Fountain 47 Lightning, is definitely lightning fast. The Fountain 47 Lightning is able to go as fast as 115 MPH. It’s decently sized at 47 feet and has a seating capacity of four to six people depending on the model you choose. It owes it’s super-fast speed to the twin Mercury Racing 1,075 HP engines. It is known as the cruiser boat that can go anyplace at any time.

The fuel tank capacity is 340 gallons and it also has a Fuel Vapour Detection system. The standard features on the Fountain 47 Lightning include a Garmin GPS, LED push-button switches on the navigation dashboard, and Vessel view instrumentation. The cockpit is equipped with LED cockpit lights, motorized hatches and bolster seats with electric drop-downmechanism. What more can you ask for?

9. Cigarette Racing Team 50 AMG GTS, max speed – 135 mph

The cigarette racing team’s 50 AMG GTS slim and long cigarette shaped 50 AMG GTS is an incredibly powerful speedboat. It is considered to be one of the fastest electric speed boats in the world. It is powered by a 2200 HP AMG electric engine which also drives the SLS AMG Coupe Electric Drive – the world’s most powerful and fastest electric car. Check out 15 Fastest Cars in the World to find out just how fast cars can be.

This super fast electric speed boat is fitted with a lithium-ion battery containing 3,456 lithium-ion cells. The efficient battery pack can store power at 400 volts offering maximum driving current of about 6,000 amperes. This dashing speedboat has two chargers providing a total charging rate of 44 kW and just takes a meager seven hours for a full charge.

8. Nor-Tech 5200 Roadster, max speed – 150 mph

The Nor-Tech 5200 Roadster is a large boat with seating capacity for up to 10 people. Depending on the type of engine fitted, the 5200 Roadster can clock speeds of over 150 MPH. With a 400-gallon fuel tank, the 5200 Roadster has 5400 HP engines, making it one of the most powerful boats in the water. Along with offering unmatchable speeds, the Roadster is also the ultimate in luxury boating.

It features a padded sun lounge, swimming platform with boarding ladder and also video monitors. The Roadster is also equipped with a state-of-the-art music system and aft facing seats with coolers. Nor-Tech can also offer a wide range of configurations to suit our engine requirements.

7. Skater 46 Pleasure, max speed – 175 mph

The Skater 46 Pleasure is a high speed and power boat. As believed by the company Skater, it is truly the “Rolls Royce of power boats.” The Skater 46 Pleasure is fitted with twin Teague Custom engines of 1500 HP each giving a total power of 3000 HP. The Skater comes with dual fuel tanks with a maximum capacity of 1,000 gallons. It is can easily cruise at more than 100 MPh for long hours and is designed for soft landings in rough waters.

With maximum speeds of approximately 175 MPH, the Skater 46 Pleasure is one of the fastest motor boats available today. Most boats also feature a complete stereo system and air-conditioning. Its spacious design can seat even five people. Its unique design lets you enjoy the speed thrill and also lets you sit back and enjoy the joy-ride.

6. Lamborghini Aventador Super Veloce, max speed – 180 mph

Lamborghini’s Aventador Super Veloce is an incredible 52-ft, custom-built speedboat that runs on a 1550 hp engine and can reach up to an impressive 180 mph. Designed as a companion piece to the carmaker’s Aventador supercar, the boat is decked out in the same lime green (or ‘Verde Singh’) paint job.

The speedboat includes a cockpit that fits six people, outfitted with custom buttons and dials inspired by the car’s interiors, including a “Race” and “Pleasure” key that alternates between the boat’s top speed and a more relaxed pace. More information, photos and video you can find in our article about Lamborghini Aventador Super Veloce .

5. Spirit of Qatar, max speed – 244 mph

This is the fastest catamaran out there and fifth on the all-time speed list. The Spirit of Qatar uses twin Lycoming turbines to make a total of 9,000 Hp allowing this catamaran to reach ludicrous speed of 244 Mph (212 Knots). 50 feet long and full of turbine power, the Spirit of Qatar is a real eye catcher.

4. Mystic Powerboats C5000 Turbine, max speed – 250 mph

The Mystic Powerboats C5000 Turbine is manufactured by Florida based Mystic Powerboats. Powered by two 1850 HP engines it has a total engine power of 3700 HP and can easily reach cruising speeds of 150 MPH. The C5000 is considered to be one of the most powerful speedboats in the world today. The highest recorded speed of the C5000 is 250 MPH. The powerful C5000 beast runs on diesel. With a fuel tank capacity of 600 gallons, it has even recorded 15 engine hours.

The C5000 is almost 50 feet long. It comes equipped with electronic equipment like Log-speedometer, Plotter, Navigation center and GPS. Some of the extra features for enjoying your joy-ride are radio, CD player, and cockpit speakers. It also has a road trailer and launching trailer for ease of movement on land. This super-fast catamaran also offers cockpit air-conditioning. The Mystic Powerboats also offers C4400 and C3800 models.

3. Problem Child, max speed – 262 mph

The Problem Child is the world’s fastest nitro drag boat. Ironically it gets its name due to its super-fast speed capacity. With a super-powerful 8000 HP engine Eddie Knox’s Problem Child is the fastest drag boat in the world. How fast can the fastest boat in the world run? It can reach speeds up to 262 MPH in just 3.5 seconds. Incredible, isn’t it? The Problem Child is the ultimate speed machine on water. This amazing speed monster literally seems to fly over water. With a speed crossing over 250 MPH, this incredibly fast drag boat is known to leave behind a wall of water as it speeds through it.

2. Bluebird K7, max speed – 276 mph

One of the oldest and fastest hydroplanes of the 20th century, the Bluebird K7 is considered to be one of the pioneers in the field of speedboats. Donald Campbell held the records of the fastest water speeds in the 1950s and 1960s in this amazing hydroplane. He set seven-speed records between July 1955 and December 1964. Unbelievably, the Bluebird K7 managed to record 276 MPH way back in 1964. Unfortunately, Campbell lost his life in 1967 while attempting to record a speed of 300 MPH. The wreckage of the Bluebird was recovered between October’2000 and May’2001. Campbell’s daughter has formally gifted the Bluebird’s recovered wreckage to the Ruskin Museum. It is believed that the Bluebird Project is undertaking trials for the return of Bluebird K7 to Scottish waters once again.

1. Spirit of Australia, max speed – 317 mph

Would you believe that the Spirit of Australia which holds the World Record of clocking a speed of 317.6 MPH in was designed and built by Ken Warby in his backyard? The wooden speed boat ran on Westinghouse J34 jet engines which are also used for aircraft and fighter jets. The Spirit of Australia is on permanent display at the Australian National Maritime Museum. Though several people have tried to break Warby’s world water speed record, none have succeeded. Warby also went on to build the Aussie Spirit as a successor to the Spirit of Australia.

With so many awesome speed machines available, it is becoming increasingly easy to indulge in the ultimate adrenaline overdrive by sailing over waters. Cross the 100 MPH mark and enjoy the fastest boats in the world!

David Gover

David Gover is a connoisseur of rare cars and an auto expert. He is a passionate fan of old pre-war classic cars. For more than 17 years, he has been writing about cars in popular media. For the last 8 years, he has been leading the Automotive section on BeautifulLife, where he talks about new developments in the automotive industry, car concepts, vintage collectible cars, and car tuning. He also enjoys writing about motorcycles, luxury yachts, and speedboats. You can follow David on Facebook .

10 comments

Few people know that the pilot and inventor Donald Campbell, who created the Bluebird K7 (number 2 on your list), tragically died while setting a new speed record in the Bluebird K7 in 1967…

Bluebird K7, designed with a revolutionary three-point configuration that allowed it to skim across the water with minimal resistance, was equipped with a powerful turbojet engine. This jet-powered hydroplane set seven world water speed records between 1955 and 1967, making it an icon in the world of speed records.

Throughout the late 1950s and 1960s, Campbell continuously upgraded the K7, achieving incredible speeds and setting multiple records. One of his most notable accomplishments was in 1964 when he became the first person to hold both the world land speed record and the water speed record in the same year​​.

Unfortunately, Campbell’s quest for speed ended tragically on January 4, 1967, when the Bluebird K7 flipped and crashed on Coniston Water during an attempt to break the 300 mph barrier, resulting in his death. The wreckage of the Bluebird lay at the bottom of the lake until it was recovered in 2001. A dedicated team led by Bill Smith spent years meticulously restoring the hydroplane, preserving as much of the original material as possible. In recent years, the Bluebird K7 has undergone water trials, bringing this legendary boat back to life and honoring Campbell’s legacy​​.

I ABSOUTELY LOVE, LOVE, LOVE THESE FRIGGIN HIGH SPEED BOAT DEMONS!!! I JUST CANT GET ENOUGH! KEEP IT COMING…….. MTI, DCB, DONZI, CIGARETTE,SKATER AMONG MANY MANY OTHERS! ROCK MY WORLD OF BOATS!! MY CHAPARRAL WILL DO BOUT 55. It’s a 24′ cuddy. I thought we were killin it. Well mines just as loud!! Hahaha Thanks for the vid. Peace………

I built a 72foot pontoon boat with a Volkswagen beetle 1300cc engine that did well over 300mph… On the salt flats outside our Vegas after a major rain. Do your research fools. Ours called the “turtle slug 1300+” crazy fast boat, especially on a lake!

There is an old Soviet ship called the Caspian Sea Monster that reached a max speed of 404 mph.

That was a plane,,,, it rode on Aa layer of air, not on water!!

There is an old soviet military ship (although it looks like a plane) that cruises at a speed of 220 to 340 mph and reached a max speed of 404 mph. It’s called the Caspian Sea Monster.

What about DCB?

Don’t forget the great Lee Taylor and Hustler. Held the record for 10 years between Blue bird and Spirit

Just letting you know that the images for #1 are actually of Spirit of Australia 2 (SoA2), not Spirit of Australia, the current record holder. SOA2 is a new boat made by the son of Ken Warby, who is aiming for 550km/h.

Y’all missed 2 boats. The Lamborghini aventador speed boat hits 180. And idk what the Corvette speedboat hit but it has 2700 hp.

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• What’S The Fastest Power Boat In The World?

What’s the Fastest Power Boat in the World?

Robertsf2012 / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0)

Across many walks of life, human beings are obsessed with speed. Some people love the thrill of watching motor vehicle racing. Others try to max out their speed on a bicycle. Still others prefer watching the Olympic games, witnessing races on foot and in a variety of other sports.

But for those of us who love being on the water, there’s nothing better than a super-fast power boat.

Power boats have been around as early as the internal combustion engine, which rose to prominence in the 19th Century. But as you can imagine, countless innovations have transformed not only how power boats look and function, but also how fast they can go when unimpeded.

Whether you’re in the market for a new power boat of your own, hoping to reach new speeds on the water, or are just fascinated by the thrill of seeking speed on open ocean, you’ll want to know: what’s the fastest power boat in the world?

How Fast Is Normal?

First, let’s establish a metric for how fast a “normal” boat can go. Top cruising speed for a yacht is something like 21 to 23 knots, or around 24 to 26 mph, while most yachts go much slower when actually “cruising.” If you look at some of the most powerful and popular power boats available to the public today, many of them can achieve a top speed close to, or even exceeding 100 mph—four times as fast as top cruising speed for a yacht—but even that speed pales in comparison to what some of the fastest power boats in the world have been able to achieve.

The Spirit of Australia: Fastest Power Boat in the World

The Guinness World Record for the top speed achieved on water is officially 275.97 knots, or over 317 mph, set by a craft called the Spirit of Australia back on October 8, 1978. It remains the record to this day, more than 40 years later. The record-setting run was at Blowering Dam Lake, in New South Wales, Australia. On a similar run in November 20, it is claimed that the craft was able to reach a better top speed at the same location, at nearly 345 mph. However, this is considered an “unofficial” speed.

As you might imagine, the Spirit of Australia was specifically engineered to set a water speed record, and was not commercially available for people to use when casually cruising on the ocean. It was designed (and operated) by a man named Ken Warby, who was able to engineer the vessel in his own backward.

The secret to the Spirit of Australia’s power was a set of Westinghouse J34 jet engines, which as the name suggests, were also used for aircraft and fighter jets. Together, they were able to generate 3,000 horsepower. Currently, the Spirit of Australia is retired, on permanent display at the Australian National Maritime Museum.

In the years (and decades) following Warby’s world record, there have been many world record attempts by other boating manufacturers and speed enthusiasts. However, none have been able to break the record set back in 1978.

Other Top Speed Contenders

It’s also worth noting some of the other power boats that have either come close to approaching the Spirit of Australia’s record, or have established a reputation of their own.

Sheppane at English Wikipedia / CC BY-SA (https://creativecommons.org/licenses/by-sa/3.0)

For example, there’s the Bluebird K7, one of the oldest pioneers in the history of speedboats. Helmed by Donald Campbell, the Bluebird set 7 separate speed run records between July 1955 and December 1964. Even back in 1964, this vessel was able to set a record by traveling 276 mph on the water. The story has a sad ending, however, as Campbell lost his life while attempting to set an even faster record, at 300 mph, back in 1967. The wreckage of the Bluebird was not recovered until a period between 2000 and 2001. Those remnants are currently preserved at the Ruskin Museum in Northern England.

There’s also the humorously named Problem Child, a more modern power boat that is currently the world’s fastest nitro drag boat. Sporting an incredibly powerful 8,000 horsepower engine, the Problem Child can reach a top speed of 262 mph in a matter of 3.5 seconds—which exceeds the performance of even speed-oriented land vehicles. The Problem Child is widely regarded as the fastest machine on water today, with consistent speeds of more than 250 mph.

Not far behind it is the Mystic Powerboats C5000 Turbine, powered by twin 1850 horsepower engines for a total power of 3,700 HP. Cruising speeds of 150 mph are easy for this boat, but its highest record speed is 250 mph. Even more impressive, the Mystic Powerboats C5000 Turbine can host up to 6 passengers—though it may not be able to reach those record-approaching top speeds with extra passengers on board.

Buying a Power Boat of Your Own

Unfortunately, most of the record-setting vessels in this article aren’t available for purchase; instead, they were designed as individual crafts with a singular purpose. However, there are hundreds of power boats available to quench your thirst for speed on the water—and many of them are capable of reaching speeds close to, or even exceeding 100 mph.

If you’re interested in getting a power boat for speed performance, make sure you get to know the variables that can affect your speed in the open water, including the brand of the manufacturer, the type of engine, the shape of the craft, and the carrying capacity.

Are you interested in getting a super-fast power boat of your own? Check out our selection of power boats and yachts for sale , from dozens of different manufacturers. Buy new or used, from individuals and manufacturers all over the world to find your best possible fit!

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3 of the world’s fastest speed boats

Blog November 26th 2019

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There is going fast and there is going crazy fast, these three speed boats very much fit in the latter category!  

Problem Child

‘Problem Child’ may be an understatement for the fastest nitro drag boat in the world that boasts an incredible 8000 HP and can reach speeds of 262 MPH in just 3.5 seconds! Problem Child was the creation of Eddie Knox and Larry Bless. “Fast” Eddie Knox began his career in the sport of drag boat racing in 1989 behind the wheel of his own machine. The partnership was highly successful winning the 2006, 2011, 2012 and 2013 Drag Boat World Championships and Problem Child holds the 15 quickest 1,000-foot elapsed times in history.   

Bluebird K7

Considered to be one of the pioneers of speedboats, the Bluebird K7 was launched in 1955 and managed to record a speed of 276 MPH in 1964 easily breaking the 178 MPH record at the time. The K7 jet-engine hydroplane was designed by English brothers Ken and Lew Norris with the help of racer Donald Campbell who set seven speed records between 1955 and 1964 including the 276 MPH one. In 2018 restoration work on Bluebird was completed in 2018 and test runs reached speeds of 150 MPH, but for safety reasons, there are currently no plans to attempt to reach any higher speeds.

Spirit of Australia

Spirit of Australia is currently the world’s fastest boat with a water speed record of an eye-watering 317.6 MPH. Just to put that in context, Nascar and Formula drivers reach top speeds of around 200 MPH. Spirit of Australia was designed and built by Australian motorboat racer Ken Warby who holds the 317.6 MPH record that has been in place since 1978. The Spirit of Australia can today be found on display at the Australian National Maritime Museum in Sydney. Ken and his son David have recently completed building the Spirit of Australia II, a more powerful vessel that is undergoing extensive trials with a record-breaking attempt targeted for 2020.

Add more speed to your boat

The Cox Powertrain project began with the vision of former Formula 1 engineer David Cox to create a lightweight diesel engine using F1 technology. This aim has led to the creation of the world’s most powerful diesel outboard engine, the CXO300. This 300 HP engine boasts better fuel efficiency, less maintenance, longer service intervals and most importantly, is much safer than petrol engines. Our CXO300 engine will add improved performance to your boat. To find out more contact us today or sign up for a demonstration to get a full idea of the power of the engine and how it works. 

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The fastest developing country in 2024.

We recently compiled a list of the 20 Fastest Developing Countries in 2024   and in this article, we will look at the fastest developing country in 2024.

Growth Trends and Economic Stability in Developing Nations

According to a report by the International Monetary Fund (IMF), the growth in developing economies is expected to remain steady at 4.2% in 2024 and 2025. This stability is attributed to the fact that there is moderate growth in emerging and developing Asia but increasing growth in the Middle East, Central Asia, and sub-Saharan Africa.

Low-income developing countries are expected to experience a gradual increase in growth, rising from 4% in 2023 to 4.7% in 2024 and 5.2% in 2025, as some near-term growth constraints ease. Growth in emerging and developing Asia is expected to decline from 5.6% in 2023 to 5.2% in 2024, and further to 4.9% in 2025, largely due to a slowdown in China. China's growth is projected to decrease from 5.2% in 2023 to 4.6% in 2024 and to 4.1% in 2025 as the country's property sector continues to show weakness. The growth in India is projected to remain strong at 6.8% in 2024 and 6.5 % in 2025 due to high domestic demand and a growing working-age population. Growth in emerging and developing countries in Europe is forecasted to decrease from 3.2% in 2023 to 3.1% in 2024, and 2.8% in 2025 as the effects of high private consumption, supported by wage growth in a tight labor market fade. In the Middle East and Central Asia, growth is projected to rise from 2.0% in 2023 to 2.8% in 2024 and 4.2% in 2025 as some constraints on near-term growth ease. In sub-Saharan Africa, growth is expected to increase from 3.4% in 2023 to 3.8% in 2024 and 4.0% in 2025 as supply issues gradually.

Global headline inflation is projected to decrease from an annual average of 6.8% in 2023 to 5.9% in 2024 and 4.5% in 2025 due to changes in monetary policies, softening in labor markets, and a decline in energy prices. Advanced economies are expected to experience a more rapid decline, with inflation dropping by 2% in 2024, while the decrease in emerging market and developing economies will occur mainly in 2025. Advanced economies are anticipated to return to their pre-pandemic inflation rates with inflation averaging at 2% in 2025, approximately a year before emerging market and developing economies are expected to return to their pre-pandemic average of around 5%.

The Fastest-Developing Country in 2024

The Co-operative Republic of Guyana is a small South American nation, which is the fastest developing country in 2024, due to the discovery of substantial offshore oil and gas reserves recently. Guyana's resources are estimated at over 11.2 billion barrels of oil and about 17 trillion cubic feet of natural gas reserves. Guyana's GDP per capita has been rapidly increasing since oil production began in 2019 and reached 278,000 barrels per day in 2022. The country is projected to maintain double-digit economic growth in 2023 and 2024 with the commencement of additional oil fields. Historically, Guyana's GDP per capita was among the lowest in South America, but economic growth since 2020, averaging 40% annually over the last few years, has boosted GDP per capita to over $26,590 in 2024.

Exxon Mobil Corporation (NYSE: XOM ) is one of the largest international energy and petrochemical companies driving growth in Guyana. The company is operating numerous ongoing exploration and development operations offshore and is the first and largest oil producer in Guyana. Exxon Mobil Corporation (NYSE:XOM) is the operator of the Stabroek and Canje Blocks offshore and has discovered over 30 reserves since May 2015. Notable discoveries include Payara in 2017, which encountered 95 feet of high-quality oil-bearing sandstone, and Snoek, also in 2017, with 82 feet of oil-bearing sandstone. Subsequent finds like Ranger (2018), which encountered 230 feet of high-quality oil-bearing carbonate reservoir, and Yellowtail (2019), with 292 feet of oil-bearing sandstone, have added to the block's resource base. The gross recoverable resource for the Stabroek Block is now estimated to be nearly 11 billion oil-equivalent barrels. Major development projects include Payara, Liza deep, Turbot, Ranger, Snoek, Pacora, Longtail, Pluma, Hammerhead, Tilapia, Haimara, Yellowtail, Lau Lau, and Tripletail, with production capacities ranging from 120,000 to 250,000 barrels of oil per day. Exxon Mobil Corporation (NYSE:XOM) is also planning a Gas to Energy Project in cooperation with the Government of Guyana which is expected to start by the end of 2024 and is aimed to reduce the cost of electricity in Guyana by transmitting gas from Liza Phase 1 and 2 via pipeline to gas processing facilities. The pipeline will be able to transport up to 50 million standard cubic feet of natural gas per day.

On April 12, Exxon Mobil Corporation (NYSE:XOM) announced the start of another offshore oil and gas project in Guyana and obtained the necessary government and regulatory approvals. This project is the sixth on the Stabroek block, an oil and gas block in the Atlantic Ocean, about 120 miles offshore of Guyana. The new field is expected to add 250,000 barrels per day to Guyana’s production capacity by the end of 2027 and bring the country’s total production capacity to approximately 1.3 million barrels per day. Since oil production began in 2019, over $4.2 billion has been paid into Guyana’s Natural Resource Fund, and Exxon Mobil Corporation (NYSE:XOM), along with its contractors, has spent more than $1.5 billion with Guyanese suppliers which supported local employment and economic development. Commenting on the event, Liam Mallon, president of Exxon Mobil Corporation (NYSE:XOM) Upstream Company said:

“Our sixth multi-billion-dollar project in Guyana will bring the country’s production capacity to approximately 1.3 million barrels per day. Our unrivaled success in developing the Guyana resource at industry-leading pace, cost and environmental performance is built on close collaboration with the government of Guyana, as well as our partners, suppliers, and contractors. The Stabroek block developments are among the lowest emissions intensity assets in ExxonMobil’s upstream portfolio and will provide the world with additional reliable energy supplies now and for years to come.”

On March 15, Exxon Mobil Corporation (NYSE:XOM) also announced a discovery in Guyana at the Bluefin well in the Stabroek block offshore which is situated about 8.5 kilometers southeast of the Sailfin-1 well in the southeastern part of the Stabroek block.

The developing economies are forecasted to see a steady GDP growth rate and a gradual decrease in global inflation which will further contribute to a balanced and sustained global economic recovery. With that in context let's take a look at the 20 fastest developing countries in 2024.

Per Bengtsson/Shutterstock.com

Our Methodology

To compile our list of the 20 fastest developing countries in 2024, we sourced data for real GDP growth rate in 2024 from the International Monetary Fund (IMF). We also sourced the GDP per capita (PPP) from the IMF. Our list ranks the 20 fastest developing countries in 2024 in ascending order real GDP growth rate in 2024.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points ( see more details here ).

GDP Growth Rate in 2024: 33.90%

GDP Per Capita in 2024: $26,590

Guyana is a small nation in South America that is known for its rich biodiversity and natural beauty. Guyana discovered substantial oil and gas reserves, began oil production in 2019, and reached 278,000 barrels per day in 2022. Guyana has a real GDP growth rate of 33.90% and a GDP per capita of $26,590 in 2024. Guyana’s growth rate has been averaging around 42% annually over the last three years, making it the fastest-developing country in the world. Guyana also has fertile agricultural land and valuable minerals like bauxite and gold.

Curious to learn about what other countries are considered the fastest developing in 2024? Check out our report on the 20 Fastest Developing Countries in 2024 .

At Insider Monkey, we delve into a variety of topics, ranging from the wealthiest people in Switzerland to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock .

READ NEXT:   Analyst Sees a New $25 Billion “Opportunity” for NVIDIA  and   Jim Cramer is Recommending These 10 Stocks in June .

Disclosure: None. This article is originally published on  Insider Monkey .

Miliband picks leading Brexit critic as GB Energy chairman

Energy Secretary recruits former Siemens executive to speed up Britain’s offshore wind generation

Ed Miliband has appointed a former Siemens executive and leading critic of Brexit to run the new state-owned power business Great British Energy .

Jürgen Maier, a British-Austrian businessman who previously headed up wind turbine producer Siemens UK, has been chosen by the Energy Secretary to chair the company and accelerate Britain’s renewable electricity programme.

Mr Maier warned before Britain’s departure from the European Union that quitting would hit the country’s economy like a “slow puncture”, making it far harder for British companies to export their products.

He used the phrase in a Guardian interview in 2020, following it up with a post on his personal website which argued that closer ties with the EU would be vital in the coming years – and suggesting the country could even go back into the single market.

At the time, Mr Maier wrote that repairing the alleged economic damage “will only be possible by creating more alignment and not less, as some key Brexit promoters are arguing for post Brexit”.

He added: “In fact, I hold the view that if the UK choses a path of divergence from EU standards, it will make the economic impact so bad, that it increases the chance of us returning to join the single market in full within a decade, as the only way for our economy to recover.”

GB Energy is yet to be formally set up, a process that will require legislation. Once running, it will receive £8bn over the following five years to promote offshore wind and other low carbon technologies.

The announcement coincided with Sir Keir’s announcement of a new partnership between GB Energy and the Crown Estate , which he claims will “unleash billions of pounds of investments in clean power.”

The Crown Estate controls Britain’s surrounding seabed and so oversees the licensing of offshore wind farms – where the Energy Secretary wants to triple offshore wind generation.

The deal is expected to mean the construction of up to 4,000 wind turbines by 2030.

The Crown Estate also owns 200,000 acres of land around England, Wales and Northern Ireland, which is being targeted for onshore wind and solar farms.

The move follows Mr Miliband’s decision to relax the rules governing onshore wind farms – potentially allowing thousands of turbines and solar panels to be erected on greenfield sites.

Last week he also approved plans for three large solar farms despite opposition from people living in surrounding areas.

Speaking on BBC Radio 4’s Today programme, Mr Miliband said the extensive construction programme was justified by the benefits to UK energy security.

He said: “The problem about fossil fuels is that they are priced and sold on the global market. If fossil fuels had given us energy security, we wouldn’t have seen the terrible cost of living crisis that we’ve seen over the past two years.

“The Climate Change Committee has said that British-based renewable energy is the cheapest and fastest way to reduce vulnerability to volatile global fossil fuel markets. That is the position of this Government ... GB Energy is a crucial tool to make that happen.”

Mr Maier said: “Great British Energy will be a publicly-owned national clean energy champion, ensuring British people reap the benefits of clean, secure, home-grown energy.

“I’m excited to lead this company and work with the private sector and communities to rapidly expand skilled jobs and investment across the country.”

On the deal with the Crown Estate, Sir Keir Starmer said: “My Government is laser focused on delivering change, to make people better off. This innovative partnership between Great British Energy and the Crown Estate is an important step toward our mission for clean energy by 2030, and bringing down energy bills for good.”

However energy industry insiders warn that renewable energy remains too expensive, with heat pumps costing three times the price of boilers, and electricity – even from green sources – costing more than the equivalent energy from gas.

From July 1, gas prices have been capped at 5.48p per kilowatt hour with a daily standing charge of 31.41p.

By contrast the cost of electricity is substantially greater at 22.36p/kWh with a daily standing charge of 60.12p. This price difference means gas remains far more attractive as a heating fuel.

Russell Dean, residential product group director at Mitsubishi Electric, said the new Government had to make switching to renewables more affordable.

“With the price of electricity in the UK still higher than that of gas, rebalancing the cost of electricity and gas would make switching to a heat pump more achievable.”

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The Fastest Developing Country in 2024

Published on july 19, 2024 at 3:25 pm by mashaid ahmed in business , economy , industries , news.

We recently compiled a list of the 20 Fastest Developing Countries in 2024   and in this article, we will look at the fastest developing country in 2024.

Growth Trends and Economic Stability in Developing Nations

According to a report by the International Monetary Fund (IMF), the growth in developing economies is expected to remain steady at 4.2% in 2024 and 2025. This stability is attributed to the fact that there is moderate growth in emerging and developing Asia but increasing growth in the Middle East, Central Asia, and sub-Saharan Africa.

Low-income developing countries are expected to experience a gradual increase in growth, rising from 4% in 2023 to 4.7% in 2024 and 5.2% in 2025, as some near-term growth constraints ease. Growth in emerging and developing Asia is expected to decline from 5.6% in 2023 to 5.2% in 2024, and further to 4.9% in 2025, largely due to a slowdown in China. China’s growth is projected to decrease from 5.2% in 2023 to 4.6% in 2024 and to 4.1% in 2025 as the country’s property sector continues to show weakness. The growth in India is projected to remain strong at 6.8% in 2024 and 6.5 % in 2025 due to high domestic demand and a growing working-age population. Growth in emerging and developing countries in Europe is forecasted to decrease from 3.2% in 2023 to 3.1% in 2024, and 2.8% in 2025 as the effects of high private consumption, supported by wage growth in a tight labor market fade. In the Middle East and Central Asia, growth is projected to rise from 2.0% in 2023 to 2.8% in 2024 and 4.2% in 2025 as some constraints on near-term growth ease. In sub-Saharan Africa, growth is expected to increase from 3.4% in 2023 to 3.8% in 2024 and 4.0% in 2025 as supply issues gradually.

Global headline inflation is projected to decrease from an annual average of 6.8% in 2023 to 5.9% in 2024 and 4.5% in 2025 due to changes in monetary policies, softening in labor markets, and a decline in energy prices. Advanced economies are expected to experience a more rapid decline, with inflation dropping by 2% in 2024, while the decrease in emerging market and developing economies will occur mainly in 2025. Advanced economies are anticipated to return to their pre-pandemic inflation rates with inflation averaging at 2% in 2025, approximately a year before emerging market and developing economies are expected to return to their pre-pandemic average of around 5%.

The Fastest-Developing Country in 2024

The Co-operative Republic of Guyana is a small South American nation, which is the fastest developing country in 2024, due to the discovery of substantial offshore oil and gas reserves recently. Guyana’s resources are estimated at over 11.2 billion barrels of oil and about 17 trillion cubic feet of natural gas reserves. Guyana’s GDP per capita has been rapidly increasing since oil production began in 2019 and reached 278,000 barrels per day in 2022. The country is projected to maintain double-digit economic growth in 2023 and 2024 with the commencement of additional oil fields. Historically, Guyana’s GDP per capita was among the lowest in South America, but economic growth since 2020, averaging 40% annually over the last few years, has boosted GDP per capita to over $26,590 in 2024.

Exxon Mobil Corporation (NYSE: XOM ) is one of the largest international energy and petrochemical companies driving growth in Guyana. The company is operating numerous ongoing exploration and development operations offshore and is the first and largest oil producer in Guyana. Exxon Mobil Corporation (NYSE:XOM) is the operator of the Stabroek and Canje Blocks offshore and has discovered over 30 reserves since May 2015. Notable discoveries include Payara in 2017, which encountered 95 feet of high-quality oil-bearing sandstone, and Snoek, also in 2017, with 82 feet of oil-bearing sandstone. Subsequent finds like Ranger (2018), which encountered 230 feet of high-quality oil-bearing carbonate reservoir, and Yellowtail (2019), with 292 feet of oil-bearing sandstone, have added to the block’s resource base. The gross recoverable resource for the Stabroek Block is now estimated to be nearly 11 billion oil-equivalent barrels. Major development projects include Payara, Liza deep, Turbot, Ranger, Snoek, Pacora, Longtail, Pluma, Hammerhead, Tilapia, Haimara, Yellowtail, Lau Lau, and Tripletail, with production capacities ranging from 120,000 to 250,000 barrels of oil per day. Exxon Mobil Corporation (NYSE:XOM) is also planning a Gas to Energy Project in cooperation with the Government of Guyana which is expected to start by the end of 2024 and is aimed to reduce the cost of electricity in Guyana by transmitting gas from Liza Phase 1 and 2 via pipeline to gas processing facilities. The pipeline will be able to transport up to 50 million standard cubic feet of natural gas per day.

On April 12, Exxon Mobil Corporation (NYSE:XOM) announced the start of another offshore oil and gas project in Guyana and obtained the necessary government and regulatory approvals. This project is the sixth on the Stabroek block, an oil and gas block in the Atlantic Ocean, about 120 miles offshore of Guyana. The new field is expected to add 250,000 barrels per day to Guyana’s production capacity by the end of 2027 and bring the country’s total production capacity to approximately 1.3 million barrels per day. Since oil production began in 2019, over $4.2 billion has been paid into Guyana’s Natural Resource Fund, and Exxon Mobil Corporation (NYSE:XOM), along with its contractors, has spent more than $1.5 billion with Guyanese suppliers which supported local employment and economic development. Commenting on the event, Liam Mallon, president of Exxon Mobil Corporation (NYSE:XOM) Upstream Company said:

“Our sixth multi-billion-dollar project in Guyana will bring the country’s production capacity to approximately 1.3 million barrels per day. Our unrivaled success in developing the Guyana resource at industry-leading pace, cost and environmental performance is built on close collaboration with the government of Guyana, as well as our partners, suppliers, and contractors. The Stabroek block developments are among the lowest emissions intensity assets in ExxonMobil’s upstream portfolio and will provide the world with additional reliable energy supplies now and for years to come.”

On March 15, Exxon Mobil Corporation (NYSE:XOM) also announced a discovery in Guyana at the Bluefin well in the Stabroek block offshore which is situated about 8.5 kilometers southeast of the Sailfin-1 well in the southeastern part of the Stabroek block.

The developing economies are forecasted to see a steady GDP growth rate and a gradual decrease in global inflation which will further contribute to a balanced and sustained global economic recovery. With that in context let’s take a look at the 20 fastest developing countries in 2024.

Per Bengtsson/Shutterstock.com

Our Methodology

To compile our list of the 20 fastest developing countries in 2024, we sourced data for real GDP growth rate in 2024 from the International Monetary Fund (IMF). We also sourced the GDP per capita (PPP) from the IMF. Our list ranks the 20 fastest developing countries in 2024 in ascending order real GDP growth rate in 2024.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points ( see more details here ).

GDP Growth Rate in 2024: 33.90%

GDP Per Capita in 2024: $26,590

Guyana is a small nation in South America that is known for its rich biodiversity and natural beauty. Guyana discovered substantial oil and gas reserves, began oil production in 2019, and reached 278,000 barrels per day in 2022. Guyana has a real GDP growth rate of 33.90% and a GDP per capita of $26,590 in 2024. Guyana’s growth rate has been averaging around 42% annually over the last three years, making it the fastest-developing country in the world. Guyana also has fertile agricultural land and valuable minerals like bauxite and gold.

Curious to learn about what other countries are considered the fastest developing in 2024? Check out our report on the 20 Fastest Developing Countries in 2024 .

At Insider Monkey, we delve into a variety of topics, ranging from the wealthiest people in Switzerland to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock .

READ NEXT:   Analyst Sees a New $25 Billion “Opportunity” for NVIDIA  and   Jim Cramer is Recommending These 10 Stocks in June .

Disclosure: None. This article is originally published on  Insider Monkey .

Guyana Yahoo Finance The Fastest Developing Country in 2024

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on june 30, 2024 at by inan dogan, phd.

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

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Top Gold Stock to Watch In 2024

Published on july 25, 2024 at by insider monkey staff.

Precious metal gold finished 2023 at $2,062.40 per troy ounce, gaining 13% for the year after hitting an all-time high of $2,135.39. This was the highest annual close on record.

Gold prices surged in the last few months of 2023 after a powerful rally was sparked by central bank purchasing and mounting investor interest. Central bank demand, primarily from EM institutions, was a significant contributor: which added an estimated 15% to gold’s annual performance.

Fed interest rate cuts and falling U.S. real yields will once again become the key drivers behind gold prices in 2024.

What are experts predicting?

• JPMorgan has said gold will peak at $2,300/oz in the third quarter of 2025.
• Sean Casterline, the president and senior portfolio manager for Delta Capital Management has said: “We expect gold to move higher and be one of the market-leading sectors for 2024.”
• The World Gold Council outlined its 2024 outlook, the possible scenarios for the global economy in the year ahead. The most probable outcomes—either a soft economic landing or a recession—each would support gold prices moving higher. “This should encourage many investors to hold effective hedges, such as gold, in their portfolios,” the council said.

The gold market has outperformed many key asset classes over several periods. The metal is well positioned in a period of low interest rates and political, economic, and social uncertainty. It also offers a unique correlation with the broader equity market in different return scenarios and experiences less volatility than many markets.

Click to read the full report on the top gold stock to watch in 2024…

#FORtheWIN 17+

Framed offshore racing team, kristo designs llc (us), designed for ipad.

• 5.0 • 1 Rating

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Description.

#FORtheWIN Framed Offshore Racing is excited to bring our fans the ultimate power boat racing experience! Our mobile iOS App will bring the latest power boat racing news, team news, images, videos, schedules, team gear, audio interviews, podcasts, general team information, and much more to keep race fans informed! Our platform will also connect you with the three major power boat racing organizations; P1, World Offshore Racing, and the American Power Boat Association which Framed Offshore Racing team is apart of. Our push notification feature will keep you informed about important team news and provide alerts on race day. Be sure to subcribe to notifications to stay in the know! We hope you enjoy this mobile experience and look forward to bringing you many updates in the future to enhance sport of Offshore Power Boat Racing! Now join our team, take the checkered the flag and download our mobile App! Let's go #FORtheWIN

Version 1.1.1

-Minor bug fixes -Updated cache functionality for better performance and user experience

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App privacy.

The developer, Kristo Designs LLC (US) , indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .

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The following data may be used to track you across apps and websites owned by other companies:

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The following data may be collected but it is not linked to your identity:

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